Each year, the Milken Institute takes a look at each metropolitan area across the country, and ranks them according to how well they are currently creating and sustaining jobs and economic growth (including such factors as unemployment, wage growth, and technological growth).
There’s a clear winner in this year’s report: Texas.
Nine of our great state’s cities were listed in the top 25 of the nation’s 200 largest metropolitan areas, including four of the top five. San Antonio earned the top-spot crown. El Paso and Austin also made the top five, while Killeen-Temple-Ft. Hood, Houston, McAllen, Dallas, Ft. Worth and Lubbock also each made the top 25. Even the state’s less-populated regions finished with flying colors, with College Station, Longview, Waco, Tyler, and Midland each rated among America’s top 25 smaller cities.
According to the Texas Real Estate Center:
“While it’s good news for Texas to do so well on an index that is based largely on employment growth, Real Estate Center Research Economist Dr. Jim Gaines said the state looked good mainly because other states didn’t.
“Our growth rate and advancement isn’t all that wonderful,” Gaines told the San Antonio Express-News. “We’ve managed to stay flat or have very small positives. But because everybody has so many negatives, we look so much better.”
According to the report, nearly one out of every five jobs created across the entire United States of America was created here in the Lone Star State. Houston and Dallas alone — an area roughly the size of Massachusetts — created nearly one out of every ten jobs created in America. Imagine that.
This news isn’t really that new. Everybody knows that the Lone Star State is simply a fantastic place to live. If the upcoming New Year has you considering a move to a new home, we’ll welcome you with an unmatched range of Dallas home loans, Houston home loans, and Austin home loans. Happy holidays!